topic Re: AMEX approved! some questions in Credit Cards

AMEX approved! some questions

USF — Wed, 06 Jun 2012 20:04:35 GMT

Been reading these forums the past few months and great information you guys provide! I have been trying to get an Amex BCE for a while now, applied 3 months ago got denied. Since then, I've had 2 mortgage inquiries, and another from Chase that I opened last month. I was scared about 4 inquiries (on Experian) showing within the past 3 months so decided to try for the Zync instead of BCE.

Called in a hour ago, very polite gentlemen asked me the usual questions, then transferred me over to another guy. Asked me to verify my address. At which point I asked which bureau they pulled (Experian) and if he could tell me my FICO. He said he was not allowed to disclose the score but told me I had a 'very excellent score'. I was approved for the Zync with NPSL. I asked since I was going for the BCE in the first place if they would do another inquiry or use the same one. He told me it would be another pull and to do it again in 24 hours if I wish to do so. I then asked curiously if I would have been approved for the BCE with my score and he said, well sir, you would have been approved for ANY of our products with your score LOL. Darn it!...

My question to you guys is, I've heard they use 1 pull for 2 apps if done in the same day? How should I go about doing the app for BCE? Wait 24 hours like the guy stated or later today? Also, I thought they would provide me with a FICO score? I'm really curious to what my score is now since he said I would have been approved for any of their cards haha.

Goes to show that even AMEX shows low income students like me some love

Re: AMEX approved! some questions

pizzadude — Wed, 06 Jun 2012 20:12:01 GMT

@USF wrote:
Been reading these forums the past few months and great information you guys provide! I have been trying to get an Amex BCE for a while now, applied 3 months ago got denied. Since then, I've had 2 mortgage inquiries, and another from Chase that I opened last month. I was scared about 4 inquiries (on Experian) showing within the past 3 months so decided to try for the Zync instead of BCE.

Called in a hour ago, very polite gentlemen asked me the usual questions, then transferred me over to another guy. Asked me to verify my address. At which point I asked which bureau they pulled (Experian) and if he could tell me my FICO. He said he was not allowed to disclose the score but told me I had a 'very excellent score'. I was approved for the Zync with NPSL. I asked since I was going for the BCE in the first place if they would do another inquiry or use the same one. He told me it would be another pull and to do it again in 24 hours if I wish to do so. I then asked curiously if I would have been approved for the BCE with my score and he said, well sir, you would have been approved for ANY of our products with your score LOL. Darn it!...

My question to you guys is, I've heard they use 1 pull for 2 apps if done in the same day? How should I go about doing the app for BCE? Wait 24 hours like the guy stated or later today? Also, I thought they would provide me with a FICO score? I'm really curious to what my score is now since he said I would have been approved for any of their cards haha.

Goes to show that even AMEX shows low income students like me some love

Congrats on the approval !

In some cases, people who apply for multiple AMEX products within a short period of time will only incur a single hard pull on their EX credit report. However this isn't always the case, YMMV. If you wanted to go for the BCE then you could likely just call back in, or apply on~line. I don't know if either way would be more or less likely to result in another inquiry.

I personally don't feel that inquiries are a huge problem....If I want to apply for a particular card, I'll just take the inquiry and the relatively minor score hit.

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:13:14 GMT

You said you had 2 mortgage inquiries.

Is there any additional reason why you'd be worried about more inquiries?

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:16:55 GMT

Congrats, and welcome to the Amex family.

And welcome to the forums, too!

Re: AMEX approved! some questions

USF — Wed, 06 Jun 2012 20:17:24 GMT

The 2 mortgage inquiries was for when I was co-signing with my brother and he was shopping around. He no longer needs me to co-sign. I was just scared Amex would deny me for BCE for 4 inquiries in 3 months whereas the Zync seems easier to get. Would you guys recommend me app later today or wait the 24 hours?

Re: AMEX approved! some questions

pizzadude — Wed, 06 Jun 2012 20:20:33 GMT

@USF wrote:
The 2 mortgage inquiries was for when I was co-signing with my brother and he was shopping around. He no longer needs me to co-sign. I was just scared Amex would deny me for BCE for 4 inquiries in 3 months whereas the Zync seems easier to get. Would you guys recommend me app later today or wait the 24 hours?

If you wait 24 hours then it will definately result in another inquiry. It may or may not result in another inquiry if you apply sooner....

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:21:43 GMT

Today. Tomorrow.

It doesn't make a difference.

I'd just try today if you're decided on doing this.

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:22:24 GMT

I thought if you applied for a card with American Express, and were approved, you had to wait a minimum of a month to apply again for a different card -- what is the rule on this?

Re: AMEX approved! some questions

pizzadude — Wed, 06 Jun 2012 20:23:26 GMT

@Anonymous wrote:
I thought if you applied for a card with American Express, and were approved, you had to wait a minimum of a month to apply again for a different card -- what is the rule on this?

No, you only have to wait 30 days from your last Rejection.....if you are approved you can apply for another card.

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:24:12 GMT

That sounds more like something Chase would say, not AMEX.

I've seen AMEX posts with people who have applied for different products on the same day.

And not always have the people who applied on the same day, just get hit with 1 INQ for the applications. It's hit or miss.

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:26:07 GMT

@pizzadude wrote:
@Anonymous wrote:
I thought if you applied for a card with American Express, and were approved, you had to wait a minimum of a month to apply again for a different card -- what is the rule on this?
No, you only have to wait 30 days from your last Rejection.....if you are approved you can apply for another card.

Thank you for the clarification on this!

Re: AMEX approved! some questions

USF — Wed, 06 Jun 2012 20:33:12 GMT

Well I went ahead and applied for the BCE online, at the end it said pending and to wait up to 14 days. I immediately went to the application status page where it shows Zync - Approved, BCE....APPROVED!!! Thanks guys... now hopefully it will only be 1 pull. Any reason they werent allowed to tell me my FICO score when apping for Zync? I thought they provided the score.

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 20:34:11 GMT

I wouldn't worry, your BCE might send you a letter in a few days with your score.

Congrats.

Re: AMEX approved! some questions

pizzadude — Wed, 06 Jun 2012 20:37:58 GMT

@USF wrote:
Well I went ahead and applied for the BCE online, at the end it said pending and to wait up to 14 days. I immediately went to the application status page where it shows Zync - Approved, BCE....APPROVED!!! Thanks guys... now hopefully it will only be 1 pull. Any reason they werent allowed to tell me my FICO score when apping for Zync? I thought they provided the score.

Congrats !! I think that creditors are only required to disclose a score if they decline you, or if they give you less favorable terms due to your credit.

You might get a letter in a few days like FrugalRican suggested...

Re: AMEX approved! some questions

pokerpro — Wed, 06 Jun 2012 20:58:57 GMT

USF If I may ask What number did you utilize to contact a Amex when they approved the Zync Thanks

Re: AMEX approved! some questions

USF — Wed, 06 Jun 2012 21:14:15 GMT

The first gentlemen gave me the # 800-567-1083 in case the call was dropped and transferred me to the new accounts department. It looks like the same number posted in the backdoor # post under app status. Hope that helps!

I called that same number after it showed me approved for the BCE and the guy confirmed I was approved for a $2k starting limit, my highest yet!

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 21:30:11 GMT

Use it wisely and you could get that upped to 6K in 61 days from today.

And make sure you look at the packs for the Zync that you could actually put to good use.

Re: AMEX approved! some questions

USF — Wed, 06 Jun 2012 21:46:56 GMT

Sweet, thanks for the info! Now I'm debating if I should even activate the Zync once I receive it. Like I said my main goal was the BCE to begin with and I apped for the Zync just to build a relationshp with Amex. But since I got approved for the BCE right after I'm not so sure of the benefits of activating Zync AND BCE. I figured opening 2 new cards will drop my AAoA a bit unless anyone can convince me Zync is worth keeping. Any thoughts appreciated

Re: AMEX approved! some questions

Anonymous — Wed, 06 Jun 2012 21:53:03 GMT

You're a student. (How old are you?)

If you are younger than 25, I really wouldn't worry about your AAOA for now. This will help out in the long run.

Plus there are categories you can use the Zync for that are better than the BCE. And as far as your memberdate, AMEX only knows you as USF: Member since 2012

Re: AMEX approved! some questions

pizzadude — Wed, 06 Jun 2012 21:57:17 GMT

Well the AF for ZYNC is only $25, which you can easily recoup, so it might be worth keeping both. I have no idea if the ZYNC will still show on your credit reports if you cancel it rather than activatin.....